Trends And Targets

Vibrant, exciting, positive, are all words which cannot be used to describe the #FTSE. The markets behaviour for the start of December has been pretty awful but at least allows us to identify a couple of trigger levels, one for the near term and another important one for the longer term Big Picture.

There’s almost a pretty good argument favouring a future 8695 as exerting an attraction for the future. All the UK index needs do is exceed 7760 points to trigger some real fireworks. One thing which is quite fascinating about this trigger level is it was obviously generated by software but, when we look at the chart, market movements during May, July, and September managed to form a glass ceiling around the 7760 level. The puzzle for us comes from the fact our trigger level was generated due to market movements in 2020 and the work required by the FTSE to move away from the 4900 point bottom. What we can suggest now, the downtrend for 2023 appears pretty firmly formed and a nudge above 7760 shall certainly signify a breakout, breaking above the downtrend AND breaking above the illusory glass ceiling at 7760.

The reason we’re making so much noise about 7760 is the market actually doesn’t need try hard to achieve such an ambition. Allegedly, the first important box for movement to 7760 shall be ticked, if the FTSE manages to CLOSE a session above just 7532 points. At time of writing, it closed Thursday at 7513 points, so very little effort is required.

From a closer perspective, above 7542 points calculates with the potential of a lift to a fairly innocuous 7567 points with our secondary, if bettered, calculating at a confident looking 7625 points and a challenge against the Blue downtrend since February this year. If triggered, the market needs below 7512 to cancel, a fairly attractive stop loss position. But as always, if the movement happens in the opening second of the day, it will be perhaps best to ignore it and go pour a fresh coffee.

Unfortunately, market behaviour this week makes us suspect Friday shall experience some reversals, the index only needing below 7500 points to ring a small alarm bell, calculating with the chance of reversal to an initial 7482 along with a possible short lived bounce. Our secondary, if 7482 breaks, works out at 7451 points

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:36:24PM	BRENT	7437	7359	7343		7477	7902	7953		7710
9:38:11PM	GOLD	2028.34	2010	1980		2032	2040	2046		2024
9:46:03PM	FTSE	7511	7477	7454	7424	7499	7523	7531	7549	7504
9:48:33PM	STOX50	4473.8	4457	4445		4475	4486	4492		4466
9:51:54PM	GERMANY	16629.3	16592	16535		16645	16670	16677		16614
9:54:39PM	US500	4578.8	4543	4530		4553	4586	4594		4567	‘cess
9:56:48PM	DOW	36098	35973	35897		36055	36167	36225		36099
9:59:18PM	NASDAQ	15993	15774	15710		15839	16047	16128		15987	Success
10:04:42PM	JAPAN	32404	32171	32076		32421	32954	33228		32694	Success

 

7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%

6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:SBRY Sainsbury** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : Barrett Devs, BP PLC, British Telecom, Carnival, EasyJet, Intercontinental Hotels Group, Music Magpie, National Glib, Oxford Instruments, Sainsbury, Taylor Wimpey, Vodafone,

LSE:BDEV Barrett Devs. Close Mid-Price: 542 Percentage Change: + 1.92% Day High: 540.8 Day Low: 528.6

Continued trades against BDEV with a mid-price ABOVE 540.8 should improve ……..

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LSE:BP. BP PLC Close Mid-Price: 460.25 Percentage Change: -1.22% Day High: 466.05 Day Low: 459.7

Target met. Weakness on BP PLC below 459.7 will invariably lead to 450p w ……..

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LSE:BT.A British Telecom Close Mid-Price: 134.4 Percentage Change: -1.65% Day High: 137.3 Day Low: 132.15

Target met. In the event of British Telecom enjoying further trades beyon ……..

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LSE:CCL Carnival. Close Mid-Price: 1257 Percentage Change: + 1.70% Day High: 1270 Day Low: 1215

Target met. All Carnival needs are mid-price trades ABOVE 1270 to improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 483.4 Percentage Change: + 0.10% Day High: 487.8 Day Low: 469.2

In the event of EasyJet enjoying further trades beyond 487.8, the share s ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6590 Percentage Change: + 2.33% Day High: 6586 Day Low: 6384

Target met. All Intercontinental Hotels Group needs are mid-price trades ……..

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LSE:MMAG Music Magpie Close Mid-Price: 11.5 Percentage Change: -8.00% Day High: 12.5 Day Low: 11.75

Target met. In the event Music Magpie experiences weakness below 11.75 it ……..

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LSE:NG. National Glib. Close Mid-Price: 1066 Percentage Change: + 1.38% Day High: 1072.5 Day Low: 1052

Target met. Further movement against National Glib ABOVE 1072.5 should im ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2100 Percentage Change: -2.10% Day High: 2240 Day Low: 2085

In the event of Oxford Instruments enjoying further trades beyond 2240, t ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 290.1 Percentage Change: + 0.03% Day High: 291.8 Day Low: 288.3

All Sainsbury needs are mid-price trades ABOVE 291.8 to improve accelerat ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 137.1 Percentage Change: + 1.82% Day High: 137.25 Day Low: 134.1

Further movement against Taylor Wimpey ABOVE 137.25 should improve accele ……..

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LSE:VOD Vodafone Close Mid-Price: 69.8 Percentage Change: -3.31% Day High: 71.73 Day Low: 69.71

In the event Vodafone experiences weakness below 69.71 it calculates with ……..

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*** End of “Updated Today” comments on shares.

#Bitcoin #Brent  It’s that time again, when numerous analysts will write sagely about Bitcoin, announcing it’s obviously going to hitherto unforeseen levels and has become the currency of choice worldwide. Or at, in a small part of El Salvador. The president of El Salvador has been enthusiastically buying Bitcoin since 2021 using public money, spending nearly £100 million on Bitcoin and now, as he starts to campaign for his next election, is able to announce his investment has finally moved into profit. When compared with the despotic regime of Nicola Sturgeon in Scotland, the blokes strategy made some sense. The best she seemed to come up with was buying a top end camper van, one which was confiscated by the police!

Excitement over Bitcoin should necessarily be tempered with a doze of reality, thanks to the price finally regaining the level at which it was at in April 2022.  Investors at that level saw the value drop by 2/3rd, eventually bottoming (hopefully) at the $15000 level. Of course, now it will be the case folk are suggesting “It needed to go down a lot, so it can go even higher!”, this statement usually proving the final kiss of death for UK AIM shares just before they get delisted.

However, we shall be generous as Bitcoin could easily have collapsed during the reversal cycle from 2020, especially as it spent an indecent amount of time trading in a zone which calculated with an eventual “ultimate bottom” down at the 1200 dollar level. The fact it choice to bounce, almost exactly half way to the ultimate drop target gives considerable hope, suggesting the market actually has some real confidence for the longer term. As for why Bitcoin and Gold are currently surging, it’s difficult to pin down any single reason as so much else feels like it’s living a life of uncertainty. Perhaps it shall be the case the hiatus with interest rates shall somehow be credited with confidence in crypto and Gold, perhaps it’s enthusiasm we shall not need sit through any more boring Grand Prix races for a while…

 

The situation for Bitcoin near term is quite positive as we can calculate movement next above 45000 dollars should provoke a lift to an initial $47422. Of greater interest is our longer term secondary, calculating at a presumably distant $61425, slightly lower than the highs of 2021 but crucially taking the value into territory where a long term calculation gives a future $77100 as exerting influence, along with a new all time high. And doubtless giving el-president in El Salvador sufficient excuse to get seriously drunk, perhaps even choosing to buy a motor home.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:07:04PM	BRENT	7419.2	7416	7346	6974	7747	7758	7898	8059	7492	‘cess
9:11:34PM	GOLD	2026.32
9:14:08PM	FTSE	7494.5									Success
9:17:45PM	STOX50	4468
9:20:57PM	GERMANY	16624									‘cess
9:24:49PM	US500	4548.5									Success
9:28:04PM	DOW	36049									Success
9:32:10PM	NASDAQ	15786.2									Success
9:36:37PM	JAPAN	33162	33143	32980	32817	33222	33335	33380	33459	33219

 

6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:QED Quadrise** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Barrett Devs, B & M, British Telecom, Caspian, Carnival, EasyJet, Hikma, Intercontinental Hotels Group, Music Magpie, National Glib, Ocado Plc, Quadrise, Tesco, Taylor Wimpey,

LSE:BDEV Barrett Devs. Close Mid-Price: 531.8 Percentage Change: + 1.10% Day High: 532.6 Day Low: 522.2

All Barrett Devs needs are mid-price trades ABOVE 532.6 to improve accele ……..

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LSE:BME B & M. Close Mid-Price: 612.4 Percentage Change: + 1.59% Day High: 616.8 Day Low: 602.8

Target met. Continued trades against BME with a mid-price ABOVE 616.8 sho ……..

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LSE:BT.A British Telecom. Close Mid-Price: 136.65 Percentage Change: + 4.91% Day High: 136.85 Day Low: 130.8

Target met. All British Telecom needs are mid-price trades ABOVE 136.85 t ……..

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LSE:CASP Caspian Close Mid-Price: 2.75 Percentage Change: -3.51% Day High: 2.85 Day Low: 2.75

In the event Caspian experiences weakness below 2.75 it calculates with a ……..

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LSE:CCL Carnival. Close Mid-Price: 1236 Percentage Change: + 6.00% Day High: 1241 Day Low: 1164

Target met. In the event of Carnival enjoying further trades beyond 1241, ……..

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LSE:EZJ EasyJet. Close Mid-Price: 482.9 Percentage Change: + 3.03% Day High: 483 Day Low: 472.5

Further movement against EasyJet ABOVE 483 should improve acceleration to ……..

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LSE:HIK Hikma. Close Mid-Price: 1803 Percentage Change: + 0.22% Day High: 1811 Day Low: 1790.5

All Hikma needs are mid-price trades ABOVE 1811 to improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6440 Percentage Change: + 1.45% Day High: 6460 Day Low: 6364

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

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LSE:MMAG Music Magpie Close Mid-Price: 12.5 Percentage Change: -3.85% Day High: 13 Day Low: 12.5

Weakness on Music Magpie below 12.5 will invariably lead to 12p next with ……..

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LSE:NG. National Glib. Close Mid-Price: 1051.5 Percentage Change: + 1.59% Day High: 1053.5 Day Low: 1036.5

All National Glib needs are mid-price trades ABOVE 1053.5 to improve acce ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 612.2 Percentage Change: + 2.37% Day High: 635 Day Low: 596.4

Continued trades against OCDO with a mid-price ABOVE 635 should improve t ……..

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LSE:QED Quadrise. Close Mid-Price: 2.9 Percentage Change: + 19.83% Day High: 3.3 Day Low: 2.5

Further movement against Quadrise ABOVE 3.3 should improve acceleration t ……..

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LSE:TSCO Tesco. Close Mid-Price: 286.7 Percentage Change: + 0.92% Day High: 287 Day Low: 285.4

Continued trades against TSCO with a mid-price ABOVE 287 should improve t ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 134.65 Percentage Change: + 1.39% Day High: 135.35 Day Low: 132.75

Continued trades against TW. with a mid-price ABOVE 135.35 should improve ……..

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*** End of “Updated Today” comments on shares.

#FTSE #Stoxx50  It’s probably easier to explain current events in Israel, rather to provide a quick and simple description of Ethernity’s business. Listed on the UK AIM market, we’re fairly confident we’d utterly foul up any attempt to explain what this company based in Israel actually do. However, a bunch of emails asking for our thoughts on their share price took us into an area where we’re happier.

Our usual grumble with companies, specifically Fintech organisations, is their predisposition to use industry and marketing gibberish to make their field sound interesting and their position as being a leader. With Ethernity, this isn’t the case. They work with something called “Field Programmable Gate Arrays” which brutally could be described as a computer with a Read Only tab in position, only in this instance the simile could be more fairly thought of us a memory chip, hard programmed at the factory, but one which can be altered in the field. And at this point, we give up. To experience further confusion, visit the Ethernity website as there’s a plethora of rabbit holes for the casual reader to vanish down.

 

The last 5 years has seen this share price experience some pretty horrible movements, relaxing below the 60p level, and it’s currently trading in a zone where we cannot realistically calculate a logical bottom. There’s a fairly reasonable visible assumption the visit to 0.22p in October represented a bottom, one which certainly can be justified by movements in 2021 but from a Big Picture perspective, we’re not entirely convinced as it’s very easy to now produce a series of drop targets, all prefaced with impossible minus signs!

However, judging by the emails received, something about the company is currently attracting some interest, hopefully not a campaign of false optimism from an internet chatroom.

Presently trading around 1.4p, the share price needs exceed .2.4p before we dare take any rise seriously. A movement such as this is liable to trigger price recovery to an initial 4.4p and visually, an excuse for some hesitation. Our longer term secondary, if 4.4p is exceeded, calculates at 5.5p. At such a level, there’s a software demand for the share price to close at target as this would enable some “proper” longer term gains.

Due to movements this year, the share price is now trading in a zone where a potential bottom can now be calculated at 0.34p and to judge by the chart, below 1p would certainly justify buying running shoes. As a result, this is definitely one where “fingers crossed” is a viable strategy for the present.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:19:52PM	BRENT	7718
9:22:31PM	GOLD	2019.08									‘cess
9:28:52PM	FTSE	7480	7459	7448	7416	7490	7500	7507	7523	7480	‘cess
9:44:29PM	STOX50	4447.8	4415	4403	4384	4440	4459	4498	4668	4421	Success
10:11:02PM	GERMANY	16618									Success
10:14:02PM	US500	4566.4
10:16:34PM	DOW	36116.5
10:19:01PM	NASDAQ	15871.4
10:27:25PM	JAPAN	32912

 

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%

27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barclays, B & M, British Telecom, Carnival, Hikma, Intercontinental Hotels Group, Music Magpie, Rolls Royce, Tesco, Taylor Wimpey,

LSE:BARC Barclays Close Mid-Price: 139.46 Percentage Change: -2.46% Day High: 140.12 Day Low: 136.5

Continued weakness against BARC taking the price below 136.5 calculates a ……..

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LSE:BME B & M. Close Mid-Price: 602.8 Percentage Change: + 0.77% Day High: 606 Day Low: 595

Target met. In the event of B & M enjoying further trades beyond 606, the ……..

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LSE:BT.A British Telecom. Close Mid-Price: 130.25 Percentage Change: + 3.29% Day High: 131 Day Low: 125.2

Target met. Continued trades against BT.A with a mid-price ABOVE 131 shou ……..

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LSE:CCL Carnival. Close Mid-Price: 1166 Percentage Change: + 2.19% Day High: 1170 Day Low: 1139.5

Target met. Further movement against Carnival ABOVE 1170 should improve a ……..

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LSE:HIK Hikma. Close Mid-Price: 1799 Percentage Change: + 1.67% Day High: 1800.5 Day Low: 1752

In the event of Hikma enjoying further trades beyond 1800.5, the share sh ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6348 Percentage Change: + 0.25% Day High: 6374 Day Low: 6300

Continued trades against IHG with a mid-price ABOVE 6374 should improve t ……..

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LSE:MMAG Music Magpie Close Mid-Price: 13 Percentage Change: -7.14% Day High: 14 Day Low: 13

If Music Magpie experiences continued weakness below 13, it will invariab ……..

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LSE:RR. Rolls Royce Close Mid-Price: 284.7 Percentage Change: -0.25% Day High: 289 Day Low: 280.8

In the event of Rolls Royce enjoying further trades beyond 289, the share ……..

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LSE:TSCO Tesco. Close Mid-Price: 284.1 Percentage Change: + 1.03% Day High: 285.4 Day Low: 280.1

In the event of Tesco enjoying further trades beyond 285.4, the share sho ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 132.8 Percentage Change: + 0.80% Day High: 133.5 Day Low: 130.95

All Taylor Wimpey needs are mid-price trades ABOVE 133.5 to improve accel ……..

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*** End of “Updated Today” comments on shares

#Gold #Nasdaq  Aside from an email asking us to review this, the company name alone made it an interesting proposition. Once upon a time, the choice of a Xmas present was a jade pendant, a pretty looking slender donut of the gem with the centre holding a gold pictogram which obviously meant something romantic. To be honest, neither of us were curious but one evening, the mystery was solved by a waitress at a Chinese restaurant. She admired the pendant and asked, did you buy it in Kowloon? The lettering said “Kowloon”, my other half now knowing she’d been wearing the equivalent of a baseball cap with a Trump logo on it.

The pendant was discretely retired to her jewellery drawer, never to be seen again!

 

Unless Jadestone have a side hustle flogging junk to unsuspecting tourists, the Asia focussed oil and gas company appear to have a share price which is poised to make some positive movement, a pleasant change for a member of the AIM market in London. The visit to 21p back in September has possibly defined a “bottom” for the share and now, it ideally needs start going up to make life interesting.

Now above just 39p is liable to prove significant, calculating with the potentials of a lift up to an initial 49p. Closure above such a level should prove important in the grand scheme of things, working out with a future ambition coming from 71p and the chance of a challenge against the immediate Blue downtrend. Recovery such as this will also give the share price an opportunity to exceed the level at which the Red uptrend was breached and this, traditionally, is something we regard as a good sign, one often capable of provoking Big Picture movement for the longer term.

Jadestone are on the edge of moving and we suspect they shall prove worth watching in the month ahead. And finally, if things intend go wrong, now below 21p would be a problem as it risks triggering a visit to our ultimate bottom of just 8p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:39:51PM	BRENT	7817.5									‘cess
9:45:07PM	GOLD	2029.44	2020	2013	1985	2033	2078	2096	2122	2058	Success
9:49:56PM	FTSE	7507.7
9:53:00PM	STOX50	4420.1
10:25:45PM	GERMANY	16424.7
10:28:34PM	US500	4564.3
10:31:25PM	DOW	36180
10:34:17PM	NASDAQ	15825.9	15702	15569	15367	15840	15975	16069	16194	15874	Success
10:37:14PM	JAPAN	33057									Success

 

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%

27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%

24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:IHG Intercontinental Hotels Group** **LSE:OCDO Ocado Plc** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Asos, Barrett Devs, B & M, BP PLC, British Telecom, Carnival, Centamin, EasyJet, Fresnillo, Genel, Intercontinental Hotels Group, Ocado Plc, Quadrise, Rolls Royce, Star Energy, Taylor Wimpey,

LSE:ASC Asos. Close Mid-Price: 388.9 Percentage Change: + 0.41% Day High: 411 Day Low: 386.3

Further movement against Asos ABOVE 411 should improve acceleration towar ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 522.6 Percentage Change: + 0.54% Day High: 527.6 Day Low: 516.8

Further movement against Barrett Devs ABOVE 527.6 should improve accelera ……..

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LSE:BME B & M. Close Mid-Price: 598.2 Percentage Change: + 1.56% Day High: 602.6 Day Low: 587

All B & M needs are mid-price trades ABOVE 602.6 to improve acceleration ……..

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LSE:BP. BP PLC Close Mid-Price: 471.95 Percentage Change: -1.35% Day High: 474 Day Low: 465.7

If BP PLC experiences continued weakness below 465.7, it will invariably ……..

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LSE:BT.A British Telecom. Close Mid-Price: 126.1 Percentage Change: + 1.98% Day High: 126.6 Day Low: 123.7

Further movement against British Telecom ABOVE 126.6 should improve accel ……..

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LSE:CCL Carnival. Close Mid-Price: 1141 Percentage Change: + 5.50% Day High: 1149 Day Low: 1082.5

Target met. Continued trades against CCL with a mid-price ABOVE 1149 shou ……..

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LSE:CEY Centamin. Close Mid-Price: 101.3 Percentage Change: + 0.80% Day High: 103.4 Day Low: 100.6

Target met. Further movement against Centamin ABOVE 103.4 should improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 474.8 Percentage Change: + 0.42% Day High: 481.9 Day Low: 467.8

All EasyJet needs are mid-price trades ABOVE 481.9 to improve acceleratio ……..

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LSE:FRES Fresnillo Close Mid-Price: 587.4 Percentage Change: -0.94% Day High: 598.2 Day Low: 582.4

Further movement against Fresnillo ABOVE 598.2 should improve acceleratio ……..

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LSE:GENL Genel Close Mid-Price: 70.7 Percentage Change: -2.62% Day High: 73.9 Day Low: 68.6

Target met. Continued weakness against GENL taking the price below 68.6 c ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6332 Percentage Change: + 0.44% Day High: 6366 Day Low: 6242

Target met. In the event of Intercontinental Hotels Group enjoying furthe ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 593.6 Percentage Change: -0.10% Day High: 626.2 Day Low: 585.2

In the event of Ocado Plc enjoying further trades beyond 626.2, the share ……..

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LSE:QED Quadrise. Close Mid-Price: 2.56 Percentage Change: + 16.36% Day High: 3.1 Day Low: 2.35

Target met. All Quadrise needs are mid-price trades ABOVE 3.1 to improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 285.4 Percentage Change: + 3.14% Day High: 288.3 Day Low: 281.1

Target met. Further movement against Rolls Royce ABOVE 288.3 should impro ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.15 Percentage Change: + 0.00% Day High: 7.96 Day Low: 7.51

If Star Energy experiences continued weakness below 7.51, it will invaria ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 131.75 Percentage Change: + 0.57% Day High: 132.9 Day Low: 130.65

In the event of Taylor Wimpey enjoying further trades beyond 132.9, the s ……..

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*** End of “Updated Today” comments on shares.

#Brent #DAX  The question must be asked, do the weather forecasting folk get paid according to how many clicks they generate? Most folk have probably become immune to the standard media tactic of generating a headline which is completely contrary to the actual story but, with weather, we’d hope the Met Office would try and adopt a tactic of being accurate.  After all, in an age when a mobile phone appears capable of telling what time the rain will stop, why are the Met Office issuing “Yellow Alerts” for snow across wide areas? It’s gotten to the stage where we choose to ignore these Met Office panics as they’re capable of real life consequences.

One such happened recently, opting to cancel a hospital appointment on the mainland as there was apparently a certainty the ferries would be cancelled. The 60mph winds decided not to turn up, the ferry timetable was not affected, and the hospital used a courier to send out an urgent supply of chemo pills. With another hospital visit scheduled for today, there was a feeling of déjà vu with the latest “Yellow Alert” and this time, it’s getting ignored. But the whole contrived  drama of clickbait headlines constantly bothers us and perhaps exerts a subconscious influence, lest we fall into the trap of promising the heavens.

 

Lloyds is currently a great case in point.

Based on share price movements on Thursday and Friday, we can cheerfully announce “Lloyds Heading to 120p!”

The thing is, something possibly important actually did occur with Lloyds, the market deciding to pour some pixie dust over the share and allowing it to nudge above the Blue 2023 downtrend. On the chart inset, we’ve circled a bunch of recent nudges upward at the market open on three occasions during November, giving a broad hint “they” were up to something. The immediate situation suggests above 44.5p should make an attempt at 46p next with our secondary, if beaten, calculating at 48.2p. Obviously, neither ambition is anywhere close to 120p but the fact the market has started nudging Lloyds upward is surely meaningful.

In this instance, we can provide a third target level, if 48.2p is bettered, as a future 53.7 works out as possible. The visuals indicate some hesitation can be anticipated, if such a target makes itself known. To cancel this truly festive outpouring of optimism, the share price needs wither below 43p.

Oh, and should Lloyds ever discover a reason to close a session above 53.7p, it actually will find itself residing in a Big Picture zone, one where we shall argue in favour of a long term attraction coming from 120p!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:14:32PM	BRENT	7905.7	7858	7763	7534	8148	8196	8258	8387	8009
9:50:13PM	GOLD	2071.8								2035
9:52:47PM	FTSE	7522								7480
9:56:47PM	STOX50	4422.5								4400
9:59:16PM	GERMANY	16428.4	16240	16193	16110	16314	16442	16464	16580	16406
10:04:17PM	US500	4594.6								4565
10:06:38PM	DOW	36256								35971
10:08:41PM	NASDAQ	15996.3								15952
10:11:07PM	JAPAN	33473								33437

 

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%

27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%

24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%

23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SPT Spirent Comms** **LSE:STAR Star Energy** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barrett Devs, Block Energy PLC, B & M, Carnival, Centamin, EasyJet, ITM Power, ITV, Music Magpie, Quadrise, Rolls Royce, Spirent Comms, Star Energy, Taylor Wimpey,

LSE:BDEV Barrett Devs. Close Mid-Price: 519.8 Percentage Change: + 1.17% Day High: 521.4 Day Low: 514

Target met. In the event of Barrett Devs enjoying further trades beyond 5 ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.85 Percentage Change: -5.56% Day High: 0.9 Day Low: 0.82

Target met. In the event Block Energy PLC experiences weakness below 0.82 ……..

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LSE:BME B & M. Close Mid-Price: 589 Percentage Change: + 2.68% Day High: 592.2 Day Low: 573.4

Further movement against B & M ABOVE 592.2 should improve acceleration to ……..

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LSE:CCL Carnival. Close Mid-Price: 1081.5 Percentage Change: + 3.89% Day High: 1089 Day Low: 1053

All Carnival needs are mid-price trades ABOVE 1089 to improve acceleratio ……..

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LSE:CEY Centamin. Close Mid-Price: 100.5 Percentage Change: + 3.93% Day High: 100.3 Day Low: 96.55

Continued trades against CEY with a mid-price ABOVE 100.3 should improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 472.8 Percentage Change: + 4.30% Day High: 469.9 Day Low: 453

Continued trades against EZJ with a mid-price ABOVE 469.9 should improve ……..

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LSE:ITM ITM Power. Close Mid-Price: 51.54 Percentage Change: + 0.51% Day High: 52.56 Day Low: 48.53

In the event ITM Power experiences weakness below 48.53 it calculates wit ……..

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LSE:ITV ITV Close Mid-Price: 59.76 Percentage Change: -0.60% Day High: 60.5 Day Low: 58.36

Target met. Weakness on ITV below 58.36 will invariably lead to 57p with ……..

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LSE:MMAG Music Magpie Close Mid-Price: 14 Percentage Change: -5.08% Day High: 14.75 Day Low: 13.75

Continued weakness against MMAG taking the price below 13.75 calculates a ……..

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LSE:QED Quadrise. Close Mid-Price: 2.2 Percentage Change: + 22.91% Day High: 2.4 Day Low: 1.75

Target met. Continued trades against QED with a mid-price ABOVE 2.4 shoul ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 276.7 Percentage Change: + 2.94% Day High: 276 Day Low: 271.8

Continued trades against RR. with a mid-price ABOVE 276 should improve th ……..

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LSE:SPT Spirent Comms Close Mid-Price: 110.3 Percentage Change: -3.42% Day High: 119.3 Day Low: 110.7

Target met. All Spirent Comms needs are mid-price trades ABOVE 119.3 to i ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.15 Percentage Change: + 2.90% Day High: 7.54 Day Low: 7.54

Weakness on Star Energy below 7.54 will invariably lead to 7.2p with seco ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 131 Percentage Change: + 1.12% Day High: 131.8 Day Low: 129.95

Further movement against Taylor Wimpey ABOVE 131.8 should improve acceler ……..

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*** End of “Updated Today” comments on shares.

#FTSE #Brent  This is a little difficult to admit but we’ve absolutely no idea what direction the UK market intends go on Friday, 1st December. As a last ditch attempt, we opted to spend a couple of hours watching how Japan was behaving and unfortunately, it would be easier predicting what a cat will do next. And this, obviously, gives the opportunity to continue discussing our new 3d printer.

To celebrate playing her new game, something called City Skylines2, my wife felt the need to purchase an expensive AMD video card. It’s one of these things which is more powerful than most PC’s, has more memory than most PC’s and generates more heat than a small nuclear power station. Within the first day, the problem of heat dissipation became an emergency when the sensors inside the computer decided life was too hot and closed the system down. Her cat, rather adorably, had developed the habit of sleeping on top of her PC tower and as a result, my wife had fitted a cat basket exactly the right size to keep the smelly animal happy.  When it was pointed out she could either play her game or, create a fire risk by attempting to barbeque the cat, she moved the basket.

“Could you use the 3d printer to make something like a table and legs to fit under the basket, so there’s an air gap between it and the computer?” It was a reasonable question, one which I ended up ignoring as sending concise printing instructions to the new printer is a skill I currently lack. My immediate success has been printing a straight line, the systems equivalent of “Hello World” so familiar to those learning a new programming language. In a fit of inspiration, I remembered things can still be made the old fashioned way, so with plywood and an electric saw, a stand for the cats bed was available literally within minutes. With everything fitted in place, my wife lifted the noisy cat into its new throne above her PC tower. It jumped out, refusing to use the bed, and opted to spend the evening staring at a blank wall. The cat and I do not get along and I think this was spite, because something wasn’t made out of plastic.

 

As for Japan, the index was opened down a hundred points from its previous close of 33,576 points. In the last couple of hours, another few hundred points have been lost and this hints any spike down at the open on the UK market is unlikely to exhibit an immediate recovery by 9.30am. Maybe! But it is the first of the final month of the year, so perhaps some optimism shall enter the day with traders always chasing an illusory “Santa rally”.

Allegedly, near term movement exceeding 7477 points should make an uphill attempt at an initial tame 7506 points. Should such a level be exceeded, our secondary calculates at 7536 points, a value which should certainly indicate happier times ahead for the FTSE in the near term.

 

However, if the other side of the coin opts to follow the example currently being set from Japan, below 7442 points risks promoting reversal down to 7408 points. Should such a level break, our secondary works out at 7374 points, plunging the FTSE into the realms of a truly grotty start to December. Which is frustrating as, should we go by chart behaviour along with the FTSE’s dance steps in relation to the Red line uptrend from 2020, we should be reporting some optimism with a suspicion the index intends an eventual 7613 points. Unfortunately, when something “should be going up but isn’t”, invariably the converse argument proves to be the correct one.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:15:36PM	BRENT	8029.9	7993	7811		8191	8453	8579		8233	‘cess
11:17:32PM	GOLD	2037.9	2032	2029		2044	2052	2059		2038
11:22:30PM	FTSE	7462.8	7402	7380		7437	7476	7508		7442	‘cess
11:44:25PM	STOX50	4388.6	4360	4344		4384	4398	4402		4361	‘cess
11:52:09PM	GERMANY	16237.6	15995	15879		16050	16263	16337		16075	‘cess
11:56:25PM	US500	4663.7	4536	4517		4554	4570	4577		4556	‘cess
12:01:08AM	DOW	35925.5	35644	35533		35744	35972	36003		35690	‘cess
12:07:45AM	NASDAQ	15928.5	15823	15767		15896	15958	15995		15873	Success
12:11:17AM	JAPAN	33475	33463	33411		33524	33593	33662		33460	‘cess

 

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%

27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%

24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%

23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%

22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:STAR Star Energy** **

********

Updated charts published on : Barrett Devs, BP PLC, Carclo, EasyJet, Fresnillo, Genel, Hikma, ITM Power, Rolls Royce, Scancell, Star Energy,

LSE:BDEV Barrett Devs. Close Mid-Price: 513.8 Percentage Change: + 1.10% Day High: 515.4 Day Low: 505.4

Continued trades against BDEV with a mid-price ABOVE 515.4 should improve ……..

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LSE:BP. BP PLC. Close Mid-Price: 479.1 Percentage Change: + 1.51% Day High: 489.7 Day Low: 473

All BP PLC needs are mid-price trades ABOVE 489.7 to improve acceleration ……..

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LSE:CAR Carclo Close Mid-Price: 9.42 Percentage Change: -21.50% Day High: 12 Day Low: 8.6

Target met. In the event Carclo experiences weakness below 8.6 it calcula ……..

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LSE:EZJ EasyJet. Close Mid-Price: 453.3 Percentage Change: + 1.55% Day High: 454.7 Day Low: 445.5

In the event of EasyJet enjoying further trades beyond 454.7, the share s ……..

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LSE:FRES Fresnillo Close Mid-Price: 582.8 Percentage Change: -1.29% Day High: 595.6 Day Low: 579.8

Continued trades against FRES with a mid-price ABOVE 595.6 should improve ……..

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LSE:GENL Genel Close Mid-Price: 72 Percentage Change: -5.14% Day High: 76.8 Day Low: 71.7

Target met. Weakness on Genel below 71.7 will invariably lead to 68.5p wi ……..

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LSE:HIK Hikma. Close Mid-Price: 1723.5 Percentage Change: + 0.06% Day High: 1731 Day Low: 1711

Continued weakness against HIK taking the price below 1711 calculates as ……..

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LSE:ITM ITM Power Close Mid-Price: 51.28 Percentage Change: -2.32% Day High: 53.9 Day Low: 51.24

If ITM Power experiences continued weakness below 51.24, it will invariab ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 268.8 Percentage Change: + 2.05% Day High: 270.8 Day Low: 264.8

All Rolls Royce needs are mid-price trades ABOVE 270.8 to improve acceler ……..

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LSE:SCLP Scancell Close Mid-Price: 10.97 Percentage Change: -10.41% Day High: 12.25 Day Low: 10.97

Weakness on Scancell below 10.97 will invariably lead to 6.2p with second ……..

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LSE:STAR Star Energy Close Mid-Price: 7.92 Percentage Change: -4.00% Day High: 8.35 Day Low: 8

Target met. In the event Star Energy experiences weakness below 8 it calc ……..

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*** End of “Updated Today” comments on shares

#Brent #Dax  As we all pour ourselves downward into the annual celebration of the invention of booze, also known as Christmas, we’re a little worried our review of Diageo a year ago proved quite as prescient. However, it’s unlikely our attempts at making “the perfect cider” are in any way to blame for the companies share price decline. Amusingly, it has transpired the secret to a perfect cider didn’t include drops of magical flavourings, once the fermentation process was complete.

Instead, a nice mug of strong and warm tea is added to the liquid, at the very start of fermentation along with some brown sugar produced something with a similar bite to a dry white wine and, to our palates, not entirely nice. We mucked around with various flavourings, strawberry was fairly good, blueberry was better, but the best flavouring was a real surprise. A litre of cheap, supermarket bought, pure apple juice added to four litres of fermented cider suddenly produced the most authentic and refreshing drink. With hindsight, the concept of adding fresh apple juice to enhance the flavour of home made cider should have been obvious but among the experts in internet forums, some seriously complex methods were discussed to improve the product. Now, with a few shelves of the stuff produced, you certainly know if you’ve drunk a pint of the product and we’ve got to this stage without experimenting with cinnamon flavouring, oak barrels, adding raisins, or refrigerating the product for a few weeks.

As for the alcohol content, our inclination is to suggest ‘enough’ as we’ve never bothered buying the correct time of hydrometer. After erroneously buying one designed for wine, it gives results of between 7% and 19% proof as this seems to vary enormously with the type of yeast and quantity of sugar. It’s funny how a single taste of “tropical cider” during summer sparked this hobby, one which has probably run its course as we’ve now figured out how to easily make a cider for our own palate. This ridiculous drive toward self sufficiency is driven by living here in Argyll, where getting  “stuff” is a nuisance. Bread is made once a week, then frozen. Logs are chopped at weekends and now, it looks like cider shall be produced once or twice a year. If only there wasn’t a requirement for spirits production licences needing an annual output of above 45,000 litres!

 

Despite it being the festive season, Diageo Plc continues to drip downhill and now, share price movement below 2719p looks capable of a visit to an initial 2572p with secondary, if broken, at 2507p. The proximity of these targets tends suggest the share price is heading toward a level from which a rebound can be hoped, essentially anytime soon. The implication of movement below 2507 is pretty dire, dumping the share price into a zone where a potential ultimate bottom at a future 1501p becomes possible. Visually there’s nothing to back up such a dodgy calculation but 2255p (the half way mark in a reversal cycle) certainly looks like it has to the potential to apply the breathalyser to any downward rush.

If Diageo into supply any festive cheers, it’s possible for above 2833 to promote share price recovery to an initial 2911p with our secondary, if exceeded, calculating at a longer term 3094p, perhaps even challenging the downtrend since April and giving the first solid clue the share price may be attempting to escape the current drop cycle. We’re not hopeful and suspect a visit to the £25 quid level is on the cards.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:59:00PM	BRENT	8260	8078	8039	7952	8194	8296	8345	8487	8128
10:02:27PM	GOLD	2043.8
10:05:33PM	FTSE	7421.2
10:08:12PM	STOX50	4371.2									Success
10:11:18PM	GERMANY	16175	15958	15889	15783	16022	16209	16336	16587	16004	Success
10:13:53PM	US500	4553.2									Success
10:17:16PM	DOW	35525									‘cess
11:02:38PM	NASDAQ	16004.2									Success
11:06:52PM	JAPAN	33277									‘cess

 

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%

27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%

24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%

23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%

22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%

21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:RR. Rolls Royce** **LSE:SPT Spirent Comms** **

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Updated charts published on : Barrett Devs, BP PLC, EasyJet, Fresnillo, Rolls Royce, Spirent Comms,

LSE:BDEV Barrett Devs. Close Mid-Price: 508.2 Percentage Change: + 1.15% Day High: 507.6 Day Low: 501

Target met. All Barrett Devs needs are mid-price trades ABOVE 507.6 to im ……..

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LSE:BP. BP PLC Close Mid-Price: 471.95 Percentage Change: -0.64% Day High: 477 Day Low: 469.6

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LSE:EZJ EasyJet. Close Mid-Price: 446.4 Percentage Change: + 5.98% Day High: 447.5 Day Low: 422.9

Further movement against EasyJet ABOVE 447.5 should improve acceleration ……..

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LSE:FRES Fresnillo. Close Mid-Price: 590.4 Percentage Change: + 5.62% Day High: 593.4 Day Low: 567.8

All Fresnillo needs are mid-price trades ABOVE 593.4 to improve accelerat ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 263.4 Percentage Change: + 1.97% Day High: 267 Day Low: 258.2

Target met. In the event of Rolls Royce enjoying further trades beyond 26 ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 115.2 Percentage Change: + 5.88% Day High: 115.9 Day Low: 109.1

Target met. In the event of Spirent Comms enjoying further trades beyond ……..

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*** End of “Updated Today” comments on shares.